(1) account needs to be closed due to normal business termination. If it is not necessary to continue to use the foreign exchange account, the account opening unit shall first file with the foreign exchange bureau with the account cancellation statement, the approval letter for opening the foreign exchange account and the certificate for using the foreign exchange account. After the foreign exchange bureau takes back the certificate of use of the foreign exchange account, it will issue the Notice of Cancellation of the Foreign Exchange Account, and the account-opening unit will go to the bank to cancel the account accordingly. The account opening unit shall send the bank account clearing data to the foreign exchange bureau within ten working days after the account is cancelled. (2) Being ordered by the foreign exchange bureau to cancel the account due to illegal use of the account. If the foreign exchange bureau finds that the account opening unit has seriously violated the rules in the annual inspection or on-site inspection, it may order the account opening bank to cancel the illegal account. The bank shall go through the formalities of account cancellation with the notice of account cancellation of foreign exchange account issued by the foreign exchange bureau or relevant documents. The account opening unit shall, within 10 days after receiving the bank account cancellation certificate, go through the account cancellation procedures at the foreign exchange bureau with the bank account cancellation materials, the foreign exchange account opening approval and the foreign exchange account use certificate.

In addition to the above requirements, account-opening units should also carefully study the Provisions on the Administration of Domestic Foreign Exchange Accounts and the Interim Provisions on the Annual Inspection of Foreign Exchange Accounts of Domestic Institutions, and open and use foreign exchange accounts in strict accordance with the provisions.